Answer:
<em>Materials:</em>
P 2,000F
Q 7,650U
Labor:
Rate 800U
Efficiency 2,500.00F
<em>Questions:</em>
Solve for labor and materials variances
Explanation:
std cost $6.00
actual cost $5.75 ($46,000/ 8,000 pounds)
quantity 8,000
difference $0.25
price variance $2,000.00
std quantity 4500.00 (3,000 units x 1.5 pounds per unit)
actual quantity 6000.00 (8,000 purchased - 2,000 ending)
std cost $5.10
difference -1500.00
quantity variance $(7,650.00)
DIRECT labor VARIANCES
std rate $12.00
actual rate $12.50
actual hours 1,600 (160 hours x 10 employees)
difference $(0.50)
rate variance $(800.00)
std hours 1800.00 (3000 units x 0.6hours per unit)
actual hours 1600.00
std rate $12.50
difference 200.00
efficiency variance $2,500.00
Answer:
C
Explanation:
The highest mountain could fit into the deepest ocean basin.
Answer: The correct answer is asset.
Explanation: An asset is a form of wealth that can be stored for the future. Assets can occur in any number of forms, but the trait that they all have in common is that they can be converted to cash. Assets may be in the form of cash, equipment, property, vehicles, or anything else that has value.
Answer:
C) The interest rate is 4 percent and the expected inflation rate is 1 percent.
Explanation:
Generally, a person would prefer to be a lender when the interest rate is higher than the expected inflation. The idea is to compensate the lender that fall in the value of money that will occur as a result of the fall in the value of money caused by the expected inflation. From the question, only situations (A) and (C) meet these criteria. But we have to choose one based on the criteria in the next paragraph.
Specifically, if a person is confronted with more than one situation to a be lender, he will prefer to be a lender under a situation where the weight of contribution of interest rate to the addition of interest and expected inflation is the highest. Given only (A) and (C) meet the first criteria, we can compute the weight of contribution of interest rate as follows:
For situation (A) – Weight of interest rate contribution = [9% × (9% + 7%)] = 0.56, or 56%
For situation (C) – Weight of interest rate contribution = [4% × (4% + 1%)] = 0.80, or 80%
Situation (C)’s weight of interest rate contribution of 80% is higher than the situation (A)’s weight of interest rate contribution of 56%, the person will prefer to be a lender under situation (C) where the interest rate is 4 percent and the expected inflation rate is 1 percent.